Digital Media Buzz > Open Text Enters Agreement to Buy Vignette Enterprise CMS

Open Text Enters Agreement to Buy Vignette Enterprise CMS

By: cmswire.com

Everyone said that the Interwoven/Autonomy deal would only be the first in a series of big announcements within the enterprise content management world. And that it is.

Today, Canadian-based enterprise content management vendor Open Text (news, site) has reached a deal to buy Vignette Corporation (news, site) for US$ 310 million. Vignette is expected to become a wholly owned subsidiary of Open Text. The deal will see Vignette stockholders get US$ 8 per share plus 0.1447 of Open Text stock……[read entire article]


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